AMEX:JNUG   Direxion Daily Junior Gold Miners Index Bull 2X Shares
Someone asked me to chart JNUG . Here is the outcome.
Please see the JNUG - From Outter Space - Part 1 of 2 chart at bottom of page for longer view.
I am not currently in this position. THIS IS NOT READY IN MY OPINION - BUT CLOSE

Daily view confirm bullish pattern correction incoming.
Blue wedge is bullish pattern by itself.
RSI trend confirms breakout should occur.
Trend filter dots confirm bullish trend is next.

If I were playing this trade, I would wait for price to fill tip of blue triangle.
If it breaks into bottom gap, add to position partially.
If further breakdown into far bottom gap, add rest of entry.
If no breakdown into bottom, your choice to add at blue wedge breakout or wait for confirmation at yellow wedge tip.
Further analysis is needed as time progresses to see possible outcomes.

Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.

JNUG - From Outter Space - Part 1 of 2

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